UP RERA Takes Bold Action Against Delayed Possessions in Greater Noida

UP RERA Chairman Sanjay Bhusreddy has ordered 250 delayed possession cases to be sent to Adjudicating Officers in Lucknow and NCR. This action, building on an October 2022 decision, aims to address non-compliance by promoters. Adjudicating Officers will use CPC powers to enforce possession and impose fines. RERA stresses zero tolerance for negligence and commits to regular reviews to ensure justice for allottees.

Posted by by Ajay Gupta Political journalist August 8, 2024 2:21 pm 2 Min Read
UP RERA Takes Bold Action Against Delayed Possessions in Greater Noida
UP RERA Takes Bold Action Against Delayed Possessions in Greater Noida

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has launched a major initiative to address homebuyers’ concerns in Greater Noida. This move targets 250 cases of delayed possession, marking a significant step in protecting allottees’ rights.

UP RERA Takes Bold Action Against Developments:

  • UP RERA Chairman Sanjay Bhoosreddy orders transfer of 250 cases to Adjudicating Officers
  • 130 cases sent to RERA headquarters in Lucknow, 120 to NCR office
  • Decision builds on policy implemented in October 2022
  • Adjudicating Officers empowered to use Civil Procedure Code (CPC)

UP RERA’s action comes after numerous complaints from homebuyers about promoters failing to meet possession deadlines. A recent review revealed some developers were deliberately delaying unit handovers.

Chairman’s Statement

“RERA will not accept any kind of arbitrariness in compliance with orders by promoters,” said Chairman Bhoosreddy. He stressed that necessary steps would be taken to ensure justice for allottees.

Impact UP RERA Takes Bold Action Against

Adjudicating Officers, who are former District Judges, can now:

  1. Enforce possession orders using CPC powers
  2. Impose heavy fines on non-compliant promoters

Ongoing Measures

  • Regular situation reviews planned
  • Effective steps to be taken for stakeholder well-being
  • Clear instructions given against negligence in possession process

This action by UP RERA aims to speed up the possession process for many waiting homebuyers. It sends a strong message to the real estate community about meeting contractual obligations.

Industry experts see this as a positive move to rebuild trust in Greater Noida’s real estate market. The strict measures are expected to encourage timely project completion and foster a more disciplined real estate environment.

UP RERA’s proactive stance could set an example for other state RERAs, potentially influencing real estate practices across India.

Homebuyers and stakeholders should stay informed about these developments and their potential impact on real estate transactions in Greater Noida.

Ajay Gupta Political journalist
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my goal is to explain the complex world of politics in a clear and understandable way. For over twenty years, I have been writing about politics, sharing my thoughts and analyses in well-known national and international publications. I believe in providing a balanced and thorough view of political issues, helping my readers understand the full picture. Through careful research and engaging writing, I aim to make complicated topics easy to grasp, offering fair and unbiased insights. My work is meant to be a reliable guide, helping readers navigate the political landscape with confidence and understanding.